Accenture opens fintech innovation centre in Beijing

28 November 2012 | 3009 views | 0Source: Accenture

Accenture has opened an Innovation Center for Financial Services in Beijing that showcases world-leading business and technology innovations designed to support strategic growth and transformation for large banks, capital markets firms and insurers in China and the Asia-Pacific region.

The center, which is part of Accenture's newly launched Beijing Technology Lab, offers a new venue for financial industry executives to access some of Accenture's best thinking on innovations that help increase market share, reduce costs and create new competitive advantage within Asia's rapidly growing financial services industry.

"Technology innovation is vital to the future of financial services across Asia," said Sushil Saluja, senior managing director of Accenture's Financial Services group in Asia Pacific. "Our new Innovation Center for Financial Services demonstrates Accenture's commitment to bringing the world's best technologies and all of our capabilities to bear for our clients in the region to help them drive rapid growth and transformation."

The Next Generation Bank

The centerpiece of the Innovation Center is the "Next Generation Bank" - a suite of retail banking technology innovations ranging from mobile, analytic and social media to new branch designs, payments innovations and biometric solutions.

"This new center gives our clients a chance to experience the outcomes that world-class financial technology innovations can bring in a hands-on way," said Gong Li, chairman of Accenture Greater China. "With our unique vision for combining business and technology, the center will provide our clients exposure to truly game-changing innovations from around the world that can help them achieve sustainable growth."

"As China's major banks shift focus from commercial banking to the burgeoning opportunities in consumer retail banking, they will need proven technologies to compete and win in these markets," said Albert Chan, head of Accenture's banking practice in Greater China. "What our Next Generation Bank shows is how new financial technology innovations can create a compelling customer experience with incredible scalability and efficiencies."

The new center in Beijing is the latest addition to Accenture's global network of Innovation Centers for Financial Services, which includes locations in Chicago; Sophia-Antipolis, France; and Bangalore, India.